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It’s no secret that teachers often face financial challenges, especially when it comes to retirement planning. Unfortunately, many teachers are stuck in CRAPPY 403(b) investments that are not providing them with the best returns.
403(b)s are retirement plans offered to public school employees, and they often come with high fees and limited investment options. This can be a major issue for teachers, as their retirement savings are not growing as quickly as they should.
Fortunately, there are steps teachers can take to get out of CRAPPY 403(b) investments. The first step is to research the fees associated with their current plan. High fees can eat away at returns, so it’s important to find a plan with lower fees.
The next step is to look for a plan with more investment options. Many 403(b) plans offer limited choices, so it’s important to find one with a wide range of investments.
Finally, teachers should consider working with a financial advisor who specializes in 403(b)s. Companies like Fidelity and 403bwise can help teachers understand their options and find the best plan for their needs.
By taking these steps, teachers can get out of CRAPPY 403(b) investments and start building a strong retirement portfolio. With the right plan in place, teachers can feel confident that their retirement savings are growing and that they will be able to enjoy a comfortable retirement.
I wish he would come on again and talk more about getting out of axa and what to watch out for. There is info on this on the 403bwise site but I feel like the discussion would be helpful.
This topic is so near and dear to my heart. Currently teaching classes in my district for teachers on retirement and investing. Thank you so much for this discussion!
457s are better if you plan to retire early. They’re not widely offered or only offered to HCEs.